Increase Accounts Payable Exam

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Question 1

Increase Accounts Payable with a:
Answer Debit
Credit

Question 2

The account classification for Owner's Withdrawals is:
Answer
Asset
Liability
Equity
Revenue
Expense

Question 3

The normal balance for Consulting Revenue is:
Answer Debit
Credit

Question 4

Decrease Utilities Expense with a:
Answer Debit
Credit

Question 5

Increase Accounts Receivable with a:
Answer Debit
Credit

Question 6

The account classification for Cash is
Answer Asset
Liability
Equity
Revenue
Expense

Question 7

The normal balance for Equipment is:
Answer Debit
Credit

Question 8

Increase Consulting Revenue with a:
Answer Debit
Credit

Question 9

Increase Cash with a
Answer Debit
Credit

Question 10

Consulting Revenue would appear on the:
Answer Balance Sheet
Income Statement
Statement of Owner's Equity



Question 11

The normal balance for Rent Expense is:
Answer Debit
Credit

Question 12

The normal balance for Accounts Payable is:
Answer Debit
Credit

Question 13

Decrease Owner's Capital with a:
Answer Debit
Credit

Question 14

The normal balance for Cash is
Answer Debit
Credit

Question 15

Accounts Payable would appear on the:
Answer Balance Sheet
Income Statement
Statement of Owner's Equity

Question 16

The account classification for Accounts Payable is:
Answer Asset
Liability
Equity
Revenue
Expense

Question 17

The account classification for Supplies is:
Answer Asset
Liability
Equity
Revenue
Expense

Question 18

Supplies would appear on the:
Answer Balance Sheet
Income Statement
Statement of Owner's Equity

Question 19

Equipment would appear on the:
Answer Balance Sheet
Income Statement
Statement of Owner's Equity








Question 20

The account classification for Consulting Revenue is:
Answer Asset
Liability
Equity
Revenue
Expense

Question 21

Decrease Notes Payable with a:
Answer Debit
Credit

Question 22

Increase Owner Withdrawals with a:
Answer Debit
Credit

Question 23

Increase Equipment with a:
Answer Debit
Credit

Question 24

The normal balance for Owner's Capital is:
Answer Debit
Credit

Question 25

The normal balance for Owner Withdrawals is:
Answer Debit
Credit

    • 10 years ago
    Increase Accounts Payable Exam solved
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